The 30-share barometer of the Bombay Stock Exchange resumed better amid growing clamour for a rate cut by RBI in Tuesday's mid-quarter monetary policy review. However, it fell to a low of 19,149.03, down by over 95 points, after the central bank maintained status quo.

The bluechip index, however, rebounded nearly 250 points after the RBI hinted easing of rates in January saying with decline in inflation, the focus of monetary policy would "shift" to removing impediments to "growth".

It closed at 19,364.75, a rise of 120.33 points or 0.63 per cent.

"RBI kept the rates and CRR unchanged and this caused markets to take an initial hit. However, hopes of monetary easing are being built for first quarter of 2013," said Milan Bavishi, Head Research, Inventure Growth & Securities.